By:
M.S.Yatnatti: Editor and Video Journalist Bengaluru: Even in a "runaway Artificial Intelligence (AI)” scenario,
robots will not render people completely jobless, People will always want a job
as it gives them "dignity”of life.In today's world, multiple qualifications
sometimes do not fetch you a dream job, but skill-based courses can. However,
the dilemma over skills versus degrees happens all over the world as companies
prefer skill certifications over degrees. Nasscom instead of predictingthat automation would result in a 20%-25%
reduction in IT jobs in three years should spend time and money on predicting
new jobs and new skill sets arecreated
byAutomation and the growth of
technologies like artificial intelligence (AI). Reportedly IT Services
companies will lay off 6 lakhs jobs in coming 3 years and few experts predict
worse situation .but few experts opine that any amount of automation
machination and artificial intelligence and e-commerce cannot replace humans .
However, this environment is providing a big opportunity for lakhs of
white-collared professionals to move out of their comfort zones and up skill
themselves to remain employable .Automation and digital transformation has
created an adapt-or-perish scenario. It's an alarming reminder that re-skilling
is the only way out to be relevant.The situations will be created such way that
new job descriptions will emerge in new situations ill create new jobs .Few
skill sets become obsolete but new skill sets replace them to fill the
gaps.In news papers both types of news
reports appear .one news is about "bemoaning the lack of job creation in the IT
industry” and news is an advertisement looking for UX/UI designers, full stack
web developers, data scientists, data visualisers and Java coders .Automation
and the growth of technologies like artificial intelligence (AI) are resulting
in a better, safer and more efficient world. Investments in automation are
pouring in. McKinsey estimates that tech giants worldwide spent anywhere
between $20-30 billion on AI in 2016..Interestingly, one of the key drivers of
these spends is the falling cost of capital. The unit cost of capital has
dropped to less than 0.6 times the unit cost of labour. This amounts to a 16x
drop from the unit cost of labour in the early 1980s. This imbalance is
flooding research in AI and robotics with money. These technologies will rewrite
global competition, wealth generation and employment. Already the warning bells
in job markets are ringing. By 2033, says one World Bank Development Report,
automation will put 47% of current US jobs at risk. Corresponding figures for
other nations are 77% for China, 69% for India and 65% for Argentina.These
estimates are for direct job loss. The real numbers will be several times
larger. For example, autonomous cars will result in direct job losses for
drivers of taxis, trucks and buses. But autonomous cars will be programmed to
adhere to local laws, and the size of the traffic police force can shrink
substantially. In India, we must brace for the impact of these trends. Amongst
the most severely affected will be the IT industry. Nasscom predicted that
automation would result in a 20%-25% reduction in IT jobs in three years. The
impact will be serious across sectors from e-commerce to manufacturing,
security services, banking and agriculture. Labour intensive industries will
become the first targets of automation.

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that what we have been seeing around us for some time now is in today's digital
age, consumers and business are now embedded in technology. And more technology
means more jobs. Not less. Besides, technology is a great leveler. It
recognizes no caste, creed or colour. Just consumers and competence. IT
companies need to recruit the recruiters and partner with Job positions for
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These niche positions are popular across industries, but the majority of the
demand comes from the IT sector, according to few recruitment firms surveys
.small and effective search firms /
recruiting or staffing agencies / recruiting vendors if they want to be
super successful .A study by IT expert in recruitment process outsourcingshows that the recruitment industry is going
through a crunch of 200 professionals every day. IT companies need to Build the
militia for the warfare. Simultaneously, build the army," is the advice of
, Lead, HR and Recruiting, experts inIndia,
for young HR managers. The `War for Talent is a reality ,and it need tohandle the problem of the growing lacuna in
HR talent, particularly recruiters, in the country. It's clear India does not
have enough HR horsepower to handle the needs of the IT/ITES (IT-enabled
services) industry. These sectors in the country, expected to employ about two
million people by 2018, i.e, double the number of people they employ today,
will predictably suffer from a severe shortage of competent HR talent
soon.According to industry estimates, in the people's business, for every 50-75
person recruited, one HR job gets created. This roughly translates into a
demand for 40,000 people skilled in the HR area for the tech sector alone in
the next three years.This excludes the needs of other booming sectors such as
retail, telecom, textiles and the recruitment industry itself, which needs as
many people.Reportedly Indian investment in tech is only set to rise with
number of initiatives like Digital India, which the government estimates will
swell to $1trillion by 2024, up from $270 billion today. Today, India's
technology investment as a percentage of GDP is well below 1%, compared to a
global average of 2.5-3%. With Digital India, technology investments will
accelerate significantly and this will generate new employment and many new
microentrepreneurship opportunities. IT companiesneed to spend theirenergy in creating a new learning culture so
that they can train more people to use software as a tool, more people who can
create must-have applications, or build insights from analytics, or create
smart visualisations, or even train computers to behave more intelligently.
Companieshave to create
micro-entrepreneurs who can use technology-abled skills to provide digital
services to rural and semi-urban India. Job growth in such a scenario will
never be a concern. This istime to
re-imagin and recalibrate and succeed .